2015-02-13T14:35:04-06:00 2014-09-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2013-10-01 251635121 BRIDGEWAY CAPITAL INC BRID 4122012450 1920 GULF TOWER 717 GRANT STREET NO 1920 PITTSBURGH PA 15219 MARK PETERSON PRESIDENT & CEO 4122012450 2015-02-12 1 EUGENE J LOGAN P00227231 4122613644 2013 2016-02-25 16:41:14Z MARK PETERSON 1920 GULF TOWER 717 GRANT STREET NO 1920 PITTSBURGH PA 15219 16630418 0 X WWW.BRIDGEWAYCAPITAL.ORG X 1990 PA BRIDGEWAY CAPITAL WORKS TO MAKE WESTERN PENNSYLVANIA A THRIVING REGION FOR ALL BY PROMOTING ECONOMIC OPPORTUNITY AND COMMUNITY REVITALIZATION. BRIDGEWAY CAPITAL ASSISTS UNDERSERVED POPULATIONS BY PROVIDING CAPITAL AND EDUCATION TO IGNITE BUSINESS AND JOB GROWTH, DEVELOP COMMUNITIES, SUPPORT ENTREPRENEURS AND EXPAND VITAL SERVICES THAT STRENGTHEN OUR REGION. 17 16 32 16 2750 -4935 3064022 7326936 1482890 2074098 605844 436015 2530 2750 5155286 9839799 193129 318499 0 0 1709416 2330866 0 0 135851 2569209 3111208 4471754 5760573 683532 4079226 46716377 54490742 22674812 26549085 24041565 27941657 X SEE SCHEDULE OBRIDGEWAY CAPITAL WORKS TO MAKE WESTERN PENNSYLVANIA A THRIVING REGION FOR ALL BY PROMOTING ECONOMIC OPPORTUNITY AND COMMUNITY REVITALIZATION. BRIDGEWAY CAPITAL ASSISTS UNDERSERVED POPULATIONS BY PROVIDING CAPITAL AND EDUCATION TO IGNITE BUSINESS AND JOB GROWTH, DEVELOP COMMUNITIES, SUPPORT ENTREPRENEURS AND EXPAND VITAL SERVICES THAT STRENGTHEN OUR REGION. 0 0 4135160 318499 2074098 LENDING BY BRIDGEWAY CAPITAL BENEFITED LOW-INCOME PEOPLE AND ASSISTED IN THE FORMATION AND GROWTH OF SMALL BUSINESSES AND NONPROFIT ORGANIZATIONS IN LOW- TO MODERATE-INCOME COMMUNITIES ACROSS 15 COUNTIES IN WESTERN PENNSYLVANIA. 104 BORROWERS RECEIVED LOANS TOTALING $16,100,000, WHICH LEVERAGED OVER $94 MILLION IN ADDITIONAL FINANCING. BORROWERS RANGED FROM ENTREPRENEURS STARTING THEIR FIRST BUSINESS TO ESTABLISHED BUSINESSES EXPANDING OPERATIONS AND DEVELOPING THEIR JOB BASE, TO NON-PROFITS PROVIDING CRITICAL SOCIAL SERVICES AND ORGANIZATIONS FOCUSED ON REVITALIZING DISTRESSED COMMUNITIES. THE ECONOMIC IMPACT OF THIS LENDING HAS HELPED PRESERVE AND CREATE 900 JOBS THIS YEAR AND MORE THAN 6,000 JOBS OVER THE LAST 13 YEARS. 305330 BRIDGEWAY CAPITAL EDUCATED AND ASSISTED 652 CURRENT AND POTENTIAL BORROWERS THROUGH ONE-ON-ONE BUSINESS SKILL ASSESSMENTS AND COACHING, E-NEWSLETTERS WITH GENERAL BUSINESS ADVICE, TIMELY EDUCATION INFORMATION, TUITION ASSISTANCE FOR INSTRUCTIONAL AND MANAGEMENT SKILLS DEVELOPMENT PROGRAMS, AND OTHER FORMS OF ASSISTANCE TO HELP THEM MANAGE AND GROW THEIR BUSINESSES. THE EDUCATION HAS HELPED TO IMPROVE BORROWERS' FINANCIAL MANAGEMENT, BUSINESS STRATEGY, AND OTHER BUSINESS OPERATIONS, AND HAS CONTRIBUTED TO THE ECONOMIC DEVELOPMENT OF WESTERN PENNSYLVANIA. BRIDGEWAY CAPITAL ALSO CONTINUED TO PROVIDE PROFESSIONAL REAL ESTATE CONSULTING SERVICES, FREE OF CHARGE, TO NONPROFIT ORGANIZATIONS SEEKING ADVICE REGARDING THEIR FACILITY NEEDS AND CHALLENGES. 4440490 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 55 0 1 32 1 1 1 0 0 0 0 1 1 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X MARK PETERSON 4122012450 1920 GULF TOWER 717 GRANT STREET NO PITTSBURGH PA 15219 KEITH P CRYTZER DIRECTOR 0.50 0.00 X 0 0 0 TERRY HAINES DIRECTOR 0.50 0.00 X 0 0 0 ANDREW HAYS DIRECTOR 0.50 0.00 X 0 0 0 LYNNE COLAIZZI DIRECTOR 0.50 0.00 X 0 0 0 RONA NESBIT DIRECTOR 0.50 0.00 X 0 0 0 RICHARD WITHERSPOON DIRECTOR 0.50 0.00 X 0 0 0 BLAINE A LAMPERSKI DIRECTOR 0.50 0.00 X 0 0 0 CHARLES R BROFF DIRECTOR 0.50 0.00 X 0 0 0 DIANA RIGGINS DIRECTOR 0.50 0.00 X 0 0 0 CAROL A NEYLAND DIRECTOR 0.50 0.00 X 0 0 0 LYNN DAVENPORT (ENTER 1/14) DIRECTOR 0.50 0.00 X 0 0 0 THOMAS J KELLY JR (ENTER 4/14) DIRECTOR 0.50 0.00 X 0 0 0 MARK PETERSON PRESIDENT & CEO 37.20 2.80 X X 140774 0 38331 STANLEY J MAHARAM CHAIRPERSON 0.50 0.00 X X 0 0 0 HARRY CLARK PHD VICE CHAIRPERSON 0.50 0.00 X X 0 0 0 ROBERT MOOREHEAD SECRETARY 0.50 0.00 X X 0 0 0 SUSAN APEL TREASURER 0.50 0.00 X X 0 0 0 VICKI HAYS KUNZ (EXIT 9/14) ASSIST. SECRE 38.80 1.20 X 90555 0 14098 LISA MACIOCE ASSISTANT SECRETARY 38.80 1.20 X 110987 0 14397 JANE BITTCHER CHIEF LENDING OFFICER 35.20 4.80 X 117677 0 20222 459993 0 87048 3 0 1 0 BUCHANAN INGERSOLL ROONEY PC 301 GRANT ST 20TH FLOOR PITTSBURGH PA 15219 LEGAL 196659 GV REALTY DEVELOPMENT CO 5829 ELLSWORTH AVE 2ND FL PITTSBURGH PA 15232 CONSULTING 101000 2 1055305 6271631 1478133 7326936 LOAN PROGRAM INTEREST 525990 1753695 1753695 LOAN PROGRAM FEES 525990 320403 320403 2074098 380495 380495 6846139 6788475 2144 57664 -2144 55520 55520 ADVERTISING 541800 2750 2750 2750 9839799 2074098 2750 436015 318499 318499 567214 162981 383501 20732 1270334 1026944 173676 69714 96542 60047 31153 5342 242914 167422 65151 10341 153862 96482 49752 7628 160481 70944 89537 45421 3006 42181 234 12480 12480 74135 74135 280277 208202 68075 4000 13564 4442 9095 27 37451 23614 12609 1228 61168 36503 22187 2478 128899 86901 36200 5798 71127 59366 8249 3512 75981 10288 65693 732016 732016 29492 19207 8850 1435 25488 16617 7598 1273 ALLOWANCE FOR LOAN LOSS 1187557 1187557 PUBLICATIONS/DUES/SUBSC 59953 59953 OTHER LOAN EXPENSE 47015 47015 MISCELLANEOUS 42303 27180 13627 1496 26400 15304 10483 613 5760573 4440490 1184232 135851 702079 504580 5686681 8202217 466083 834348 385194 801060 21550046 31136249 54004 158526 296213 189046 121445 107167 15913278 12141718 75014 131073 1762553 473804 46716377 54490742 238266 237678 1630312 1632518 1875245 1497945 18738500 23115500 192489 65444 22674812 26549085 X 20607366 21374266 3428699 6561891 5500 5500 24041565 27941657 46716377 54490742 4079226 -179134 0 X X 0 1 X 1 1 1 X 1843659 5231989 3585147 3064022 7329686 21054503 1502504 1349855 1339927 1482890 2074098 7749274 3346163 6581844 4925074 4546912 9403784 28803777 300 2633012 2650000 5599284 10882596 155161 18312 54331 100325 18349 346478 155461 18312 2687343 2750325 5617633 11229074 17574703 621642 687568 682136 560421 507540 3059307 621642 687568 682136 560421 507540 3059307 12500 12500 3980305 7269412 5607210 5107333 9911324 31875584 0.55140 0.67090 0.09600 0.11750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 1237 0 1 12480 13717 0 PART II-B, LINE 1: WORK TO STRENGTHEN THE BASE OF SUPPORT FOR THE SMALL BUSINESS ADMINISTRATION'S MICROLOAN PROGRAM IN CONGRESS AND TO DEVELOP AND PRIORITIZE A LIST OF ISSUES TO BE ADDRESSED IN REAUTHORIZING THE SMALL BUSINESS ACT. WORK TO STRENGTHEN THE BASE OF SUPPORT FOR THE PENNSYLVANIA COMMUNITY DEVELOPMENT BANK AND OTHER SOURCES OF FUNDING FOR ACCREDITED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS SUCH AS BRIDGEWAY CAPITAL. 0 1 X 296213 189046 107167 107167 FAIR VALUE OF INTEREST RATE SWAP 65444 65444 X 9662809 -179134 -179134 9841943 -2144 -2144 9839799 5762717 2144 2144 5760573 0 5760573 PART IV, LINE 2B: BRIDGEWAY CAPITAL (BRIDGEWAY) IS IN POSSESSION OF FUNDS AWARDED FROM SEVERAL LOCAL FOUNDATIONS FOR THE ESTABLISHMENT OF A THIRD-PARTY BOND GUARANTEE PROGRAM FOR MINORITY AND WOMEN-OWNED CONTACTORS. THE CONTRACTS GOVERNING THE PROGRAM HAVE ENDED, AND BRIDGEWAY IS WORKING WITH THE FOUNDATIONS TO DETERMINE THE NEXT STEPS. BRIDGEWAY HAS A CONTRACT WITH THE HILL HOUSE ECONOMIC DEVELOPMENT CORPORATION (HHEDC) FOR BRIDGEWAY TO HOLD FUNDS GRANTED BY THE RICHARD KING MELLON FOUNDATION (RKMF) TO HHEDC FOR USE TOWARDS CONSTRUCTION-RELATED EXPENSES FOR A NEW GROCERY STORE TO SERVE THE LOW INCOME, AFRICAN AMERICAN HILL DISTRICT COMMUNITY. THE HILL DISTRICT HAS BEEN IDENTIFIED AS A "FOOD DESERT". BRIDGEWAY HAS A CONTRACT WITH THE MANCHESTER CITIZENS CORPORATION FOR BRIDGEWAY TO HOLD FUNDS GRANTED BY THE RICHARD KING MELLON FOUNDATION (RKMF) FOR A LOAN THAT HAS BEEN FUNDED. BRIDGEWAY HAS A CONTRACT TO HOLD FUNDS GRANTED BY THE RICHARD KING MELLON FOUNDATION (RKMF) TO MAKE PRE-DEVELOPMENT RECOVERABLE GRANTS TO NON-PROFITS. PART X, LINE 2: THE ORGANIZATION FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (CODIFICATION OR ASC) TOPIC ON INCOME TAXES, WHICH PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN COMBINED FINANCIAL STATEMENTS. THE ORGANIZATION'S COMBINED STATEMENTS OF FINANCIAL POSITION AT SEPTEMBER 30, 2014 AND 2013 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION WOULD ACCRUE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE, IF ANY WERE TO BE INCURRED. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2011. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS -2,144. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 2,144. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 202055 0 0 0 0 0 0 202055 0 202055 0 0 0 0 0 0 1 BIBLE CENTER CHURCH 7238 FLEURY WAY PITTSBURGH PA 15208 200801087 501(C)(3) 50000 FMV COMMUNITY DEVELOPMENT BLOOMFIELD GARFIELD CORPORATION 5149 PENN AVENUE PITTSBURGH PA 15244 251290469 501(C)(3) 43000 FMV COMMUNITY DEVELOPMENT CENTER OF LIFE 161 HAZELWOOD AVENUE PITTSBURGH PA 15207 010617023 501(C)(3) 25000 FMV COMMUNITY DEVELOPMENT DIAKONIA MINISTRIES 7745 TIOGA STREET PITTSBURGH PA 15208 592957287 501(C)(3) 50000 FMV COMMUNITY DEVELOPMENT HILLTOP ALLIANCE 512 BROWNSVILLE ROAD PITTSBURGH PA 15210 264521206 501(C)(3) 50000 FMV COMMUNITY DEVELOPMENT OAKLAND PLANNING & DEVELOPMENT CORPORATION 235 ATWOOD STREET PITTSBURGH PA 15213 251382510 501(C)(3) 50000 FMV AFFORDABLE HOUSING DEVELOPMENT YMCA OF GREATER PITTSBURGH 410 FORT DUQUESNE BLVD PITTSBURGH PA 15222 250969497 501(C)(3) 50000 FMV COMMUNITY DEVELOPMENT 7 0 PART I, LINE 2: GRANT INFORMATION IS DOCUMENTED IN A DATABASE CONTAINING DETAILED INFORMATION ABOUT THE RECIPIENT, THEIR BUSINESS, AND THE INTERNAL APPROVAL PROCESS AND SUPPORT SUBSTANTIATING THE GRANT. GRANT RECIPIENTS ARE REVIEWED INTERNALLY BY SENIOR MANAGEMENT AND OTHER RELEVANT STAFF FOR ELIGIBLITY. X X X 0 0 0 0 0 0 0 0 0 MARK PETERSON PRESIDENT & CEO 133565 0 0 0 7209 0 10696 0 27635 0 179105 0 0 0 X 1 1478133 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 BRIDGEWAY CAPITAL'S (BRIDGEWAY) CFO GATHERS INFORMATION FOR THE FORM 990 FROM THE FINANCIAL SYSTEM AND PROVIDES THE INFORMATION TO THE INDEPENDENT AUDIT FIRM TO PREPARE A DRAFT. THE CFO AND PRESIDENT OF BRIDGEWAY REVIEW THE DRAFT FOR ACCURACY AND CHANGES ARE MADE AS APPROPRIATE. THE FINAL FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BRIDGEWAY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BRIDGEWAY DISTRIBUTES THE CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM TO BOARD MEMBERS EACH YEAR FOR COMPLETION. SENIOR MANAGEMENT REVIEWS THE FORMS TO ASSESS AND ADDRESS, IF NECESSARY, ANY CONFLICTS THAT ARE DISCLOSED. CONFLICTS ARE BROUGHT TO THE BOARD'S ATTENTION AND DISCUSSED OPENLY AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE SALARY OF BRIDGEWAY'S PRESIDENT IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. AT THE BEGINNING OF THE FISCAL YEAR, THE EXECUTIVE COMMITTEE SETS GOALS FOR PRESIDENT AS WELL AS REVIEWING PERFORMANCE RELATED TO GOALS FROM THE PRIOR FISCAL YEAR. THE PRESIDENT & CEO DETERMINES THE COMPENSATION FOR PAID OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 BRIDGEWAY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES WITHIN 30 DAYS UPON WRITTEN REQUEST AND IMMEDIATELY IN THE CASE OF IN-PERSON REQUESTS. FORM 990, PART XII, LINE 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT:: THE ORGANIZATION'S FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. ADDITIONALLY, THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BRIDGEWAY CERTIFIED DEVELOPMENT CORP 707 GRANT STREET SUITE 1920 PITTSBURGH PA 15219 743109154 TO SUPPORT CONTROLLING ORGANIZATION PA 501(C)(4) BRIDGEWAY CAPITAL INC 1 BRIDGEWAY DEVELOPMENT CORPORATION 707 GRANT STREET SUITE 1920 PITTSBURGH PA 15219 800842724 REAL ESTATE DEVELOPMENT PA BRIDGEWAY CAPITAL INC C 142248 2181896 1.00000 1 15CCD CORP 707 GRANT STREET SUITE 1920 PITTSBURGH PA 15219 471471501 REAL ESTATE DEVELOPMENT PA BRIDGEWAY CAPITAL INC C 140115 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 BRIDGEWAY CAPITAL CERTIFIED DEVELOPMENT COMPANY B 47015 FMV BRIDGEWAY CAPITAL CERTIFIED DEVELOPMENT COMPANY L 111072 FMV BRIDGEWAY DEVELOPMENT CORPORATION L 29232 FMV BRIDGEWAY CAPITAL CERTIFIED DEVELOPMENT COMPANY N 14360 FMV BRIDGEWAY DEVELOPMENT CORPORATION N 5032 FMV BRIDGEWAY CAPITAL CERTIFIED DEVELOPMENT COMPANY Q 59049 FMV BRIDGEWAY DEVELOPMENT CORPORATION R 289980 FMV 15CCD CORPORATION R 4000 FMV